HUDSON VALLEY CREDIT UNION (EIN 141471439) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

SCOTT VAN ZANDT

Phone

8004683011

Tax Period

2023-01-01 to 2023-12-31

HUDSON VALLEY CREDIT UNION, founded in 1963, is a major nonprofit in the Public & Societal Benefit sector that reported $314.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

STATE CHARTERED CU THAT PROVIDES FINANCIAL, INSURANCE AND BANKING SERVICES TO ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $267,908,667

Investment Income $46,762,290

Other Revenue $-9,987

TOTAL REVENUE $314,660,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,525,766

Fundraising Expenses $0

Other Expenses $126,031,853

TOTAL EXPENSES $311,868,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,660,970	$272,671,554	+0.2%
Expenses	$311,868,141	$201,253,654	+0.5%
Net Income	$2,792,829	$71,417,900	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1159

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,120,085

Total Directors

Key Employees

$3,621,222

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY PANTALEO	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
KEITH BASKETT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
NANCY KAPPLER-FOSTER	TREASURER	1.00	Officer Director	$0	$0	$0
BENJAMIN SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
HENRIETTA AKPATA	DIRECTOR	1.00	Director	$0	$0	$0
JANINE S DAUGHTRY	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY J LEE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MCFARLANE	DIRECTOR	1.00	Director	$0	$0	$0
ALISA SWIRE	DIRECTOR	1.00	Director	$0	$0	$0
MARY D MADDEN	PRESIDENT CHIEF EXECUTIVE	40.00	Officer	$2,363,677	$12,652	$2,376,329
JONATHAN ROBERTS	PRESIDENT CHIEF EXECUTIVE	40.00	Officer	$1,061,581	$65,549	$1,127,130
SCOTT VAN ZANDT	SVP/CHIEF FINANCIAL OFFICE	40.00	Officer	$555,078	$61,548	$616,626
DIANE ALLENBAUGH	SVP OF HR AND ORGANIZATION	40.00	Key Emp	$1,010,935	$34,845	$1,045,780
ANTON ROHRMEIER	EVP/CHIEF OPERATIONS OFFIC	40.00	Key Emp	$704,364	$59,447	$763,811
MARK TIMMERMAN	EVP/CRO	40.00	Key Emp	$498,379	$71,033	$569,412
RICHARD LIONHOOD	EVP/CBO	40.00	Key Emp	$380,249	$31,649	$411,898
CHRISTOPHER KIEFFER	EVP/CSO	40.00	Key Emp	$296,578	$20,438	$317,016
JOHN FEDE	EVP/CIO	40.00	Key Emp	$286,688	$28,673	$315,361
DESIREE WOLFE	EVP/CXO	40.00	Key Emp	$174,241	$23,703	$197,944
GREGORY ANTONAKOS	FINANCIAL CONSULTANT II	40.00	Highest	$405,100	$58,949	$464,049
MATTHEW GIORGI	FINANCIAL CONSULTANT II	40.00	Highest	$340,069	$59,975	$400,044
CHRISTOPHER CANTELE	AVP WEALTH MANAGEMENT	40.00	Highest	$333,645	$57,777	$391,422
LYNDA BEISNER	FINANCIAL CONSULTANT II	40.00	Highest	$362,251	$23,882	$386,133
ROBERT BROWN	SVP/SR DIRECTOR RETAIL NETWORK	40.00	Highest	$291,352	$55,001	$346,353

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$314,660,970	$311,868,141	$7,062,798,226	$2,792,829

HUDSON VALLEY CREDIT UNION